MERRILL LYNCH... WHAT THE $%#&????

MER April puts.... today...over 70K volume on deep OTM puts (april 30.00 puts)... WTF???... yeah don't fade this one... MARK THIS POST.... i got cash just waiting for this one... closed at 41ish today.... thats some insider type sh#t.... if that dirty bit$h doesn't gap to far down tomorrow... i'll be backing up that truck (on those puts that is) ... (oh ya... don't tell anyone... )

Were you the same guy who complained about losing 10% of your account in one trade with bad trades recently? Or was that someone else? You seem to be on a streak now.. did you make up those loses?

The April 15 put traded 16,632 with current OI only 317. It does look like somebody knows something. Although this seems to go against the theory that equity option traders tend to reflect the "dumb" money???

Were you the same guy who complained about losing 10% of your account in one trade with bad trades recently? Or was that someone else? You seem to be on a streak now.. did you make up those loses?

yep... that was me... i wasn't complaining ... i was venting... thats healthy right?... maybe i shoulda consulted a therapist... but posting here was easier... ... yes... losses have been resolved... and faults have been acknowledged... so on to round 2...

The April 15 put traded 16,632 with current OI only 317. It does look like somebody knows something. Although this seems to go against the theory that equity option traders tend to reflect the "dumb" money???

when DEEP OTM calls or puts trade on HUGE vol... it should raise a flag... or at least invoke further study... as to if that vol was constructed at the bid or the ask...

Those are actually new positions.. they didn't exist before yesterday, even back in march.. so its no rollover. So your theory that "someone may know something" maybe valid. At the premium those went for, and # of contracts traded, either someone's very nervous or someone's banking on the jackpot. Btw, great that you made up those loses

Edited by dcengr, 19 March 2008 - 09:28 PM.

Those are actually new positions.. they didn't exist before yesterday, even back in march.. so its no rollover. So your theory that "someone may know something" maybe valid.

At the premium those went for, and # of contracts traded, either someone's very nervous or someone's banking on the jackpot.

Btw, great that you made up those loses

thanks ... there's definitely something hidden within that volume... and how far OTM it occurred at... we'll see... if i can get a good price tomorrow... i'll bite....

Arch-Oh come on now-you know the Fed will back them. And of course buy up all the bad housing paper. Might just as well buy up all the bad automobile loan paper, credit card paper, and poorly backed home equity loan paper. What I want to know is -how will the Fed legitimize backing the hedge funds that are about to blow?

Edited by thespookyone, 19 March 2008 - 10:05 PM.

Arch-Oh come on now-you know the Fed will back them. And of course buy up all the bad housing paper. Might just as well buy up all the bad automobile loan paper, credit card paper, and poorly backed home equity loan paper. What I want to know is -how will the Fed legitimize backing the hedge funds that are about to blow?

lew...i dunno bout all that... too fundamental for my technical mind... all i'm seeing is 70K plus OTM puts beiing accumulated today... under the radar... UNTIL NOW... somebody knows something and ya heard it here first... if MER gaps down big tomorrow... then we're too late... but if it opens within par... then why not spend some sideline cash on those puts... thats my game here...

you know the Fed will back them.

think the FED's running out of ammo here....